Michael Porter Biography
Michael Porter is an American academic, who was born and brought up in Ann Arbor, Michigan, the United States as Michael Eugene Porter. He is notable for his theories on economics, business strategy, and also social causes. He is also the Bishop William Lawrence University Professor at Harvard Business School, and he was one of the organizers of the consulting firm The Monitor Group and FSG, a social impact consultancy.
10 Quick Facts About Michael Porter
- Name: Michael Porter
- Age: Michael is 75 years old as of 2022
- Birthday: 23 May 1947
- Zodiac Sign: Gemini
- Height: Average
- Nationality: American
- Occupation: Author
- Marital Status: Married
- Salary: Under review
- Net worth: $5 million dollars as of 2021
Michael Porter Age
Michael is 75 years old as of 2022, he was born on 23 May 1947, in Ann Arbor, Michigan, United States. He celebrates his birthday on 23 May every year and his birth sign is Gemini.
Michael Porter Height
Michael stands at an average height. He appears to be quite tall in stature if his photos, relative to his surroundings, are anything to go by. However, details regarding his actual height and other body measurements are currently not publicly available. We will update this section when the information is available.
Michael Porter Education
Michael is well-coached personnel, he received a BSE with high honors in aerospace and mechanical engineering from Princeton University in 1969, where he graduated first in his class and was elected to Phi Beta Kappa and Tau Beta Pi. He also received an MBA with high distinction in 1971 from Harvard Business School, where he was a George F. Baker Scholar, and a Ph.D. in business economics from Harvard University in 1973.
Michael Porter Parents
Michael was born and raised by his parents in Ann Arbor, Michigan, United States. Our efforts to find out more about his family came to no avail as no such information is publicly available. Thus, the identity of Michael’s parents is still unclear. It is also not known if he has any siblings. We will update this section once this information is available.
Michael Porter Wife
Michael is happily married to his lovely and caring wife Debbie. The couple has not shared their year of marriage bu together they are blessed with two lovely daughters.
Michael Porter Net Worth
Michael has an estimated net worth of $5 million dollars as of 2021. This includes his assets, money, and income. His primary source of income is his career as an Author. Through his various sources of income, Michael has been able to accumulate good fortune but prefers to lead a modest lifestyle.
Michael Porter Measurements and Facts
Here are some interesting facts and body measurements you should know about Michael Porter.
Michael Porter Wiki
- Full Names: Michael Eugene Porter
- Popular As: Michael Porter
- Gender: Male
- Occupation / Profession: Author
- Nationality: American
- Race / Ethnicity: White
- Religion: Not Known
- Sexual Orientation: Straight
Michael Porter Birthday
- Age / How Old?: 75 years as of 2022
- Zodiac Sign: Gemini
- Date of Birth: 23 May 1947
- Place of Birth: Ann Arbor, Michigan, United States
- Birthday: 23 May
Michael Porter Body Measurements
- Body Measurements: Not Available
- Height / How Tall?: Average
- Weight: Moderate
- Eye Color: Not Available
- Hair Color: Not Available
- Shoe Size: Not Available
Michael Porter Family and Relationship
- Father (Dad): Not Known
- Mother: Not Known
- Siblings (Brothers and Sisters): Not Known
- Marital Status: Married
- Wife/Spouse: Married to Debbie
- Dating / Boyfriend: Single
- Children: Not Available
Michael Porter Net Worth and Salary
- Net Worth: $5 million
- Salary: Under Review
- Source of Income: Author
Michael Porter On Competitive Strategy
Porter described the theory in his 1985 book “Competitive Advantage: Creating and Sustaining Superior Performance”. The basis was formed by three strategies, namely cost leadership, differentiation, and focus. He divided the latter into cost focus and differentiation focus.
Cost Leadership
You target a broad market (large demand) and offer the lowest possible price. There are 2 options within this course. You can opt to keep costs as low as possible; or ensure that you have a larger market share with average prices. In both cases, the point is to keep the company costs as low as possible. The consumer price is a different story.
Organizations that apply this strategy successfully usually have substantial investment capital at their disposal, efficient logistics, and low costs when it comes to materials and labor. The organization is generally focused on internal processes.
Differentiation
You target a broad market (high demand), but your product or service has unique features. With this strategy, you make your product as exclusive as possible, making it more attractive than comparable products offered by the competition. Succeeding using this strategy requires good research & development, innovation, and the ability to deliver high quality. Effective marketing is important so that the market understands the benefits of your unique product. It’s important to be flexible and to be able to adapt quickly in a changing market, or you risk the competition beating you at it. Such an organization is focused on the outside world and has a creative approach.
Cost Focus
You target a niche market (little competition, ‘focused market’) and offer the lowest possible price. In this strategy, you choose to target a clear niche market and through understanding the dynamics of the market and the wishes of the consumers, you can ensure that the costs remain low.
Differentiation Focus
You target a niche market (little competition, ‘focused market’) and your product or service has unique features. This strategy often involves strong brand loyalty among consumers. It’s very important to ensure that your product remains unique, in order to stay ahead of possible competition. In order to choose the right strategy for your organization, it’s important to be aware of the competencies and strengths of your company.
Michael Porter Books
- Competitive Strategy: Techniques for Analyzing Industries and Competitors
- Competitive Advantage: Creating and sustaining superior performance
- The Competitive Advantage of Nations
- HBR’s 10 Must-Read on Strategy
- Redefining health care
- Cases in competitive strategy
- Can Japan Compete?
- Strategy and Competition: The Porter Collection (3 Items) Michael Porter
- Redefining German Health Care: Moving to a Value-Based System Michael Porter
- Administrative Regulation Versus Market Regulation in the Diversified Company Michael Porter
Michael Porter Awards
- He was the recipient of the honorary degree from McGill University in 2009.
- He is the recipient of the Jose Dolores Estrada Order of Merit, which is one of the highest civilian awards that is conferred by the Government of Nicaragua.
- He has been the recipient of the McKinsey Award six times.
- He was appointed Harvard University Professor, the highest professional recognition that can be awarded to a Harvard faculty member.
- He is a Fellow of the Strategic Management Society.
Frequently Asked Questions About Michael Porter
Who is Michael Porter?
Michael Porter is an accomplished academic. He is notable for his theories on economics, business strategy, and also social causes. He is also the Bishop William Lawrence University Professor at Harvard Business School, and he was one of the organizers of the consulting firm The Monitor Group and FSG, a social impact consultancy.
How old is Michael Porter?
Michael is an American national born on 23 May 1947, in Ann Arbor, Michigan, United States.
How tall is Michael Porter?
Michael stands at an average height, he has not shared his height with the public. His height will be listed once we have it from a credible source.
Is Michael Porter married?
Yes, Michael is happily married to his lovely and caring wife Debbie. The couple has not shared their year of marriage bu together they are blessed with two lovely daughters.
How much is Michael worth?
Michael has an approximate net worth of $5 million. This amount has been accrued from his writing career.
Where does Michael live?
Because of security reasons, Michael has not shared his precise location of residence. We will update this information if we get the location and images of his house.
Is Michael deador alive?
Michael is alive and in good health. There have been no reports of him being sick or having any health-related issues.
Michael Porter Contacts
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